Why implement your retail space in Toronto?

Toronto offers a dynamic and thriving retail market, making it an attractive destination for businesses seeking retail space for lease. The city is home to a diverse range of neighborhoods, each with its own unique character and consumer demographics, providing ample opportunities for businesses to find the perfect location. From bustling shopping districts like Yonge Street and Queen Street West to upscale retail destinations like Yorkville, Toronto offers a wide variety of retail spaces to suit different business needs and target markets.  

Whether it's a street-level storefront, a space within a shopping center, or a trendy pop-up shop, businesses have access to a wealth of options. With a large and diverse population, strong tourism industry, and a culture that values shopping and dining experiences, leasing retail space in Toronto presents an exciting opportunity for businesses to thrive in a vibrant and competitive market. 

How much does it cost to rent a retail space in Toronto?

The cost of renting a retail space in Toronto can vary significantly depending on various factors such as location, size, condition, and the specific neighborhood or shopping district. Rental rates are typically quoted on a per-square-foot basis and can range widely across the city. The average retail rents in prime areas of Toronto range from approximately $40 to $150 CAD per square foot per year. 

To read: our Toronto MarketBeat report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. 

Are industrial space rents likely to increase in Toronto?

The future direction of retail space rents in Toronto is influenced by various factors, including supply and demand dynamics, economic conditions, and market trends. While there is potential for retail space rents to increase in Toronto due to factors such as population growth, strong consumer demand, and limited availability of prime retail locations, it is important to note that market conditions can fluctuate and are subject to unforeseen events or economic shifts. 

Popular neighborhoods in Toronto

Toronto has several popular neighborhoods that are known for their vibrant retail scenes and offer a diverse range of options for leasing retail space. Some of the popular neighborhoods in Toronto to lease retail space include: 

  • Downtown Toronto: The heart of the city, downtown Toronto is a bustling area with high foot traffic and a mix of large shopping centers, luxury brand boutiques, and smaller retail spaces. Areas like Queen Street West, Bloor-Yorkville, and the Entertainment District are particularly sought after. 
  • Yorkville: Located in downtown Toronto, Yorkville is known for its upscale retail and luxury shopping. It attracts high-end brands and offers a premium retail experience. 
  • Kensington Market: This bohemian and eclectic neighborhood is known for its independent shops, vintage stores, and unique retail offerings. It has a vibrant and creative atmosphere that appeals to a diverse range of customers. 
  • Leslieville: Situated in the east end of Toronto, Leslieville has become a popular neighborhood for trendy boutiques, specialty shops, and local artisans. It offers a more relaxed and intimate retail experience. 
  • The Junction: Located in the west end of Toronto, the Junction is known for its independent retailers, art galleries, and antique stores. It has a distinct character and appeals to a niche market. 
  • Queen West: Queen Street West is a vibrant and dynamic neighborhood with a mix of independent retailers, fashion boutiques, cafes, and restaurants. It is popular among the younger crowd and those seeking unique and trendy retail experiences. 

Getting to and from Toronto

Toronto is a major transportation hub and is easily accessible by air, land, and sea. Here are some ways to get to and from Toronto: 

  • By Air: Toronto Pearson International Airport is one of the busiest airports in North America and serves over 180 destinations worldwide. It is located about 30 minutes from downtown Toronto and is accessible by public transit, taxis, and ride-sharing services. 
  • By Train: Toronto is served by Via Rail, which operates trains connecting Toronto to major cities across Canada. Toronto's Union Station is a major transportation hub, and is also served by GO Transit commuter trains and buses. 
  • By Bus: Several bus companies operate services to and from Toronto, including Greyhound, Megabus, and Coach Canada. The city's main bus terminal is the Toronto Coach Terminal, located downtown. 
  • By Car: Toronto is easily accessible by car via several major highways, including the 401, 427, and the QEW. However, traffic can be heavy, especially during peak hours. 
  • By Boat: Toronto is located on the shores of Lake Ontario, and is a popular port of call for cruise ships. The city is also connected to several other ports along the Great Lakes via ferry services. 

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Tom Carthy
Thomas Carthy

Head of Ireland
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Karl Stewart

Director, Head of Retail
Dublin, Ireland

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Ronan Corbett

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Anna Gilmartin

Divisional Director, Retail
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Nicola Gilleece

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FEATURED SERVICES

Retail Leasing
With in-depth market knowledge spanning all types of retail property, our Retail Leasing team provides a tailored service to investors, developers, occupiers and public sector clients across Ireland.
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Retail Lease Advisory
In today’s ever-evolving retail landscape, market knowledge and strategic intelligence are just as crucial as negotiation, expertise and due diligence.
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Retail - Capital Markets

Our leading Retail Capital Markets team provides advice, execution and investment services to a vast network of national and international clients involved in buying, selling, financing or developing retail real estate.

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Occupier Representation
Our Occupier Representation team will support you through the entire process of your search for an office, retail or industrial space, from the beginning all the way to signing the lease and fitting out your new premises.
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Our Occupier Representation team will support you through the entire process of your search for an office space, from the beginning all the way to signing the lease and fitting out your new premises.

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Whether you are expanding, rationalising or consolidating we are able to assist at every stage from strategy through to execution.

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Our Lease Advisory team is an experienced, dynamic, innovative and proactive commercial team working with investors and occupiers.

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Retail & Leisure Occupier Representation
From small market towns to the largest regional shopping destinations, retail is at the heart of what we do.
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Logistics & Industrial Lease Advisory

The Lease Advisory team is an experienced, dynamic, innovative and proactive team.

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Office Lease Advisory

Our Lease Advisory team is an experienced, dynamic, innovative and proactive commercial team.

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